Sep-1 Jan-2 May-2 Sep-2 Jan-3 May-3 Sep-3 Jan-4 May-4 Sep-4 Jan-5 May-5 Sep-5 Jan-6 May-6 Sep-6 Jan-7 May-7 Sep-7 Jan-8 May-8 Sep-8 Jan-9 May-9 Sep-9 Jan-1 May-1 Sep-1 Jan-11 May-11 Sep-11 12 1 8 6 4 2 17-19, Vas. Pavlou Str., GR 166 73, Voula, Athens, Greece Tel: 21 96597 - Fax: 21 89964 Internet Mail: athenian@atheniansa.gr M O N T H L Y R E P O R T Baltic Dry Index September 211 PRICES TANKERS ($ MIO) 26 27 28 29 21 Sep-11 VLCC 5Y 117,2 136, 155,8 78, 87,8 72.5 VLCC 1Y 95,8 114,5 131, 59,5 64,3 44.5 SUEZMAX 5Y 81, 95,5 16, 57, 62,8 47. AFRAMAX 5Y 65,3 7, 76,8 4,5 44,5 36. AFRAMAX1Y 51,8 6, 64,7 23,5 3,7 21.2 PANAMAX5Y 55,5 6,4 61, 35,5 39, 32. 45K 5Y D/H 47,3 53, 52,7 23,5 27,3 28.5 45K 1Y D/H 38,9 44,7 43,2 16, 19,7 18. 45K 2Y 13,2 12,8 16, 4, 6,7 6.3 PRICES BULKERS ($ MIO) 26 27 28 29 21 Sep-11 CAPESIZE 5Y 81,2 148, 45,5 54,5 57, 39. CAPESIZE 1Y 61,8 13, 3, 45, 43, 29. CAPESIZE 15Y 43, 88,5 21, 28, 26, 16. CAPESIZE 2Y 21,3 6, 79, 16,5 16,4 11.2 PANAMAX 5Y 45,4 89, 25,5 35, 38,5 26.7 PANAMAX 1Y 37, 71,5 19, 27,5 31,6 21. PANAMAX 15Y 27,7 61, 12,5 22, 23,1 15. PANAMAX 2Y 16,1 44, 9,2 12, 13,8 11.2 SUPRAMAX 5Y 4, 74,5 24, 27,5 31,9 25. HANDYMAX1Y 32, 6,5 18,2 22, 24,7 19. HANDYMAX15Y 22,1 46, 13, 17,5 2, 14.2 HANDYMAX2Y 15,4 36, 7,4 11, 12, 1.5
2 S E C O N D H A N D T O N N A G E M A R K E T S&P Activity Dry (<5, Dwt) AVAILABLE FOR SALE REPORTED SOLD PREVIOUS MONTH A/BLE FOR SALE PREVIOUS MONTH SALES S&P Activity - Tankers (<5, Dwt) AVAILABLE FOR SALE REPORTED SOLD PREVIOUS MONTH A/BLE FOR SALE PREVIOUS MONTH SALES 6 2 4 558 42 15 1 165 143 2 32 41 5 23 18 THIS MONTH - PREVIOUS MONTH THIS MONTH - PREVIOUS MONTH *Excluding demolition sales Sale and Purchase Market - Second Hand units Ship Type Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Total BULK 35 52 32 42 4 32 233 TANK 24 37 2 37 18 23 159 GAS 3 14 2 14 8 2 43 CONT 4 8 5 9 7 14 47 TWEEN 3 6 3 6 1 19 REEF 1 1 2 RORO 5 2 3 2 1 13 FERRY 1 2 1 2 6 CRUISE Total 76 121 66 112 74 73 522
3 Baltic Clean Tanker - Yearly 1 83 892 8 6 4 63 616 659 65 2 39 42 45 48 51 3 6 9 12 15 18 21 24 27 3 33 36 21 WEEK NO 211 Baltic Clean Tanker - Monthly 7 688 68 675 66 659 64 646 62 3/8/211 6/9/211 13/9/211 2/9/211 Baltic Dirty Tanker - Yearly 12 161 147 1 8 6 737 661 4 674 2 39 42 45 48 51 3 6 9 12 15 18 21 24 27 3 33 36 21 WEEK NO 211 Baltic Dirty Tanker - Monthly 71 7 7 69 681 68 672 683 67 677 66 65 3/8/211 6/9/211 13/9/211 2/9/211 TANKER SALES NAME DWT BLT PRICE $ BUYER BRIXHAM 55 29 CHINA DH * ENBLOC BSS HARLINGTON 55 29 CHINA DH * ENBLOC BSS MUMBAI 55 29 CHINA DH * ENBLOC BSS KIEL 55 21 CHINA DH * ENBLOC BSS RMEIL 6174 21 CHINA DH 6 MIO UK BASED (Price Each) QASEH 7 28 CHINA DH 4.5 MIO UNDISCLOSED HOWA 8298 22 JAPAN DH 9.2 MIO SINGAPOREAN STOLT AYAME 97 1991 JAPAN DH 3.5 MIO UNDISCLOSED SICHEM PADUA 9215 1993 S.KOREA DH 4 MIO GREEK SICHEM PANDORA 9215 1994 S.KOREA DH 4 MIO GREEK SAMHO CORDELIA 13153 28 S.KOREA DH 13 MIO UNDISCLOSED CLIPPER CARIBE 14246 25 JAPAN DH 15 MIO DE POLI TANKERS, ITALY ROYAL STELLA 19993 29 S.KOREA DH 2 MIO GREEK (Via Auction in Singapore) ROYAL ORION 19997 29 S.KOREA DH 2 MIO GREEK (Via Auction in Singapore) MARIA KNUTSEN 22171 21 SPAIN DH 45 MIO ENBLOC BSS ISABEL KNUTSEN 22377 2 SPAIN DH 45 MIO SINOCHEM, CHINA HIGH CENTURY 48676 26 JAPAN DH 27 MIO UNDISCLOSED HELLESPONT TRUST 147262 1999 S.KOREA DH 24.4 MIO GREEK TICEN OCEAN 284497 1991 S.KOREA SH * ENBLOC BSS TITAN ORION 28448 1992 S.KOREA SH * ENBLOC BSS TITAN ARIES 32493 1993 S.KOREA DS 72.7 MIO PETROBRAS (Total Price) SAGA CHELSEA 298432 1995 S.KOREA DH 25 MIO UK
$/Day $/Day 4 GAS SALES NAME DWT BLT CBM PRICE $ BUYER GAZ LIBERTY 723 1982 UK 6617 2.5 MIO GREEK TRANSGAS 6746 1977 FRANCE 129323 29 MIO FAR EASTERN Spot Market - Tankers VLCC SUEZMAX AFRAMAX 735 635 535 435 335 235 135 35 17 725 Sep-1 Nov-1 Jan-11 Mar-11 May-11 Jul-11 652 Sep-11 Period Market - Tankers 1 Year T/C VLCC SUEZMAX AFRAMAX 4 35 3 25 2 15 1 5 Sep-1 Nov-1 Jan-11 Mar-11 May-11 Jul-11 Sep-11 2525 1822 151
5 Baltic Handysize 695 69 69 687 683 685 68 675 672 677 67 2 665 67 66 3/8/211 6/9/211 13/9/211 2/9/211 Baltic Supramax 15 1471 148 146 1446 144 142 141 14 138 136 1379 2 134 132 3/8/211 6/9/211 13/9/211 2/9/211 Baltic Panamax 176 1748 174 172 17 1685 1734 168 166 164 4 162 1634 16 1624 1642 158 156 3/8/211 6/9/211 13/9/211 2/9/211 4 35 3 25 2 15 1 5 2975 2938 Baltic Capesize 4 44 38 3342 2847 3244 3/8/211 6/9/211 13/9/211 2/9/211 4 BULKER SALES NAME DWT BLT GEAR PRICE $ BUYER BALSA 61 683 1997 JAPAN CR 2X15 4 MIO CHINESE BALSA 62 683 1997 JAPAN CR 2X15 4 MIO CHINESE WESTERHAVEN 845 2 CROATIA CR 2X4 11 MIO BRAZILIAN EASTSTAR 8865 1997 ROMANIA CR 2X4 3.6 MIO UNDISCLOSED ATLANTICBORG 17356 28 CHINA CR 3X6 * ENBLOC BSS AVONBORG 1747 29 CHINA CR 3X6 * ENBLOC BSS ALASKABORG 1747 29 CHINA CR 3X6 25 MIO CITGO PETROLEUM, USA (Price Each) TONGFANG JIANGXIN JX625 19 211 CHINA CR 2X24 * ENBLOC BSS TONGFANG JIANGXIN JX626 19 211 CHINA CR 2X24 27.8 MIO DANISH (Price Each) LORD BYRON 25694 1985 JAPAN CR 3X25, DR 1X25 5.7 MIO RUSSIAN ALADDIN RAINBOW 3226 1999 JAPAN CR 4X3 16 MIO GREEK TRITON 34 211 S.KOREA CR 4X3 26 MIO GREEK POSEIDON 34 211 S.KOREA CR 4X3 26 MIO GREEK SHANDONG HUAHAI OLDENDORFF, 36 211 CHINA GLESS 23.6 MIO P11 GERMANY AFRICAN ALTAIR 373 211 CHINA CR 4X3 23.6 MIO EU BASED POSEIDON V 41373 1984 JAPAN CR 5X25 5.5 MIO CHINESE SEA HOPE 48512 1998 JAPAN CR 4X25 16 MIO TIANJIN GUODIAN SHIPPING YOUNG SPRING 5323 22 JAPAN CR 4X3 22.5 MIO INDONESIAN PEARL VENUS 53679 1991 JAPAN CR 3X14.5 11 MIO UNDISCLOSED
$/Day $/Day 6 FREEDOM LILY 5656 25 JAPAN CR 4X3 25 MIO EUROPEAN ARCTUROS 57 211 CHINA CR 4X36 * ENBLOC BSS IDA SELMER 57 211 CHINA CR 4X3 * ENBLOC BSS THOMAS SELMER 57 211 CHINA CR 4X3 26.5 MIO THAI PRECIOUS SHIPPING, THAILAND (Price WIKING 57 211 CHINA CR 4X3 27.5 MIO Each) CHINESE (Dely 1/211) MAGNETIC ISLE 68461 1996 JAPAN CR 4X3 15.4 MIO UNDISCLOSED PEQUOT 7165 1996 JAPAN GLESS 14.8 MIO FAR EASTERN TRITON OSPREY 81448 27 JAPAN GLESS 28 MIO GREEK SUMA 14938 1994 CHINA GLESS 14 MIO CHINESE LOWLANDS PROSPERITY 169229 21 S.KOREA GLESS 28.7 MIO UNDISCLOSED HARMONIOUS 174234 27 CHINA GLESS 38.8 MIO LAURITZEN BULKERS, DENMARK IMABARI SAIJO 819 182 211 JAPAN GLESS 48.5 MIO UNDISCLOSED BEGONIA 18265 25 JAPAN GLESS 37.5 MIO UNDISCLOSED 45 4 35 3 25 2 15 1 5 Spot Market - Bulkers 268 11995 9945 Sep-1 Nov-1 Jan-11 Mar-11 May-11 Jul-11 Sep-11 CAPESIZE PANAMAX HANDYMAX 35 3 25 2 15 1 5 Period Market - Bulkers 1 Year T/C Sep-1 Nov-1 Jan-11 Mar-11 May-11 Jul-11 Sep-11 4 1935 13298 1216 CAPE PMAX HANDYMAX
7 COMBO SALES NAME DWT BLT GEAR PRICE $ BUYER FUZHOU FENGDA SHIPPING, ALKMAN 66221 1985 JAPAN 8 MIO CHINA CONTAINER SALES NAME DWT BLT GEAR TEU PRICE $ BUYER JOHN MITCHELL 5273 1997 GERMANY GLESS 523 2.6 MIO UNDISCLOSED LILLY MITCHELL 541 1993 GERMANY GLESS 417 1.8 MIO UNDISCLOSED YI FA 6832 1994 S.KOREA GLESS 357 3.6 MIO CHINESE HAL ADMIRALTY 816 1996 CHINA CR 2X4 66 7 MIO INDONESIAN TERRA BONA 2238 1993 JAPAN CR 3X4 134 8.4 MIO TANTO, INDONESIA P+O NEDLLOYD COLERIDGE 2234 1994 GERMANY CR 3X4 168 11 MIO BRAZILIAN MARCALABRIA 23276 1993 GERMANY CR 3X4 1684 7.5 MIO GREEK TORGE S 33216 23 JAPAN CR 3X4 2483 24 MIO GREEK (Bss SS/DD Passed) MSC ULSAN 52785 22 S.KOREA GLESS 4132 3 MIO GREEK OOCL SINGAPORE 67476 1997 JAPAN GLESS 539 * ENBLOC BSS OOCL NETHERLANDS 67473 1997 JAPAN GLESS 539 * ENBLOC BSS OOCL JAPAN 67752 1996 JAPAN GLESS 5344 * ENBLOC BSS OOCL BRITAIN 67958 1996 JAPAN GLESS 5344 32 MIO GREEK (Incl 4 Yrs TCBack) MSC VIVIANA 85824 23 S.KOREA GLESS 642 6 MIO GREEK (Incl 1 Yrs TCBack at USD 29 Pd) REEFER SALES NAME DWT BLT GEAR CBFT PRICE $ BUYER MONTERREY 9952 1991 GERMANY DR 2X1, DR 7X5 4767 4.1 MIO CHINESE REEFER SALES NAME GT BLT TEU TRLRS PRICE $ BUYER CLARA DEL MAR 11197 27 CHINA 5 14 * SPANISH (Via Auction at Eur 19 Mio)
$m $m 8 N E W B U I L D I N G M A R K E T A N D R E P O R T E D C O N T R A C TS 12 1 8 6 4 2 Tanker Prices VLCC Suezmax Aframax Aug-9 Dec-9 Apr-1 Aug-1 Dec-1 Apr-11 Aug-11 MR 1 1.3 62.6 53.2 535.5 3 7 6 5 4 3 2 1 Bulker Prices Capesize Panamax Handymax Handysize Aug-9 Dec-9 Apr-1 Aug-1 Dec-1 Apr-11 Aug-11 51.2 5 3.1 28.4 23.9 Dry Bulk Orderbook Ship Type 211 (deliv) 211 212 213 214 215 216+ Total VLOC 15 18 44 17 9 1 89 Capesize 13 85 159 65 7 8 324 Small Cape 92 64 114 24 4 26 Panamax 13 13 417 15 39 736 Supramax 245 182 385 15 5 1 723 Handys 185 15 298 15 16 569 Total 797 629 1417 511 8 1 2647 Tanker Orderbook Ship Type 211 (deliv) 211 212 213 214 215 216+ Total ULCC/VLCC 44 27 63 38 1 138 Suezmax 34 17 6 35 4 116 Aframax 37 25 53 22 3 13 Panamax 24 1 19 14 2 45 MR 6 21 87 33 141 Handy 16 12 9 3 24 Total 215 112 291 145 19 567 LPG Tank Orderbook Ship Type 211 (deliv) 211 212 213 214 215+ Total VLGC 1 2 4 9 15 LGC MR 2 2 2 4 Handy 4 5 12 9 1 1 28 Small 23 29 23 6 3 3 64 Total 3 38 41 24 4 4 111
m. dwt m. dwt No. of Vessels m. dwt 9 Newbuilding Sales 1 9 8 7 6 5 4 3 2 1 8 191 7 215 972 121 Tankers >1, dwt Bulkers >1, dwt Containerships 98 236 29 21 Sep-11 53 Delivery Schedule 12 1 8 6 4 2 19.2 72 43.3 24.2 Bulkers >1, dwt. Tankers >1, dwt 54.2 3.6 Sep-11 212 213+ Tanker Newbuildings on Order 5 45 4 35 3 25 2 15 1 5 46.5 19.4 11.7 5 September 211 VLCC Aframax Products 14.8 Suezmax Panamax Bulker Newbuildings on Order Capesize Panamax Handymax Handysize 12 13.2 1 69.5 8 6 41.6 4 22 2 September 211 Newbuilding Historical Prices ($m) Tankers Sep-11 21 29 28 27 26 25 24 23 21 1995 199 1985 31, DWT 1 1.3 14.8 97.5 15 145 13 12 18 77.1 69.9 85.3 87.4 2 38.2 17, DWT 1 62.6 66.3 61 9 9 8 71.5 71 51.4 46.3 54 66.1 11, DWT 1 53.2 56 49.5 74 72 65.5 58 6 41.4 36.3 43.3 53.2 47, DWT 1 35.5 36.1 35 46.5 52 47 43 39 31.4 26.2 33.2 Bulkers 18, DWT 1 51.2 57.2 55.5 87 96 67 58.5 64.5 48.2 35.8 42.3 6.2 29.3 73, DWT 1 3.1 34.3 34.5 45.5 54 39.5 36 37 27.1 2.3 27.9 3 13.4 45, DWT 28.4 31.1 29 41 47.5 37 31 3 24.1 18.4 24.1 25.3 12.4 29, DWT 23.9 26.3 24.5 31 34 27.5 25.5 24 18.1 14.2 19.2 21.3 9.7 3 32.1 2 28.2 2 18.1 3 13.3 1 Before 21 sizes to read 28, - 14, - 95, - 4, respectively for tankers and 15, - 69, for Bulkers 2 Single Hull 3 3, DWT (note: above is for vessels built Japan / Korea, you should also consider US$ / Yen / Won relation for the years mentioned)
1 The Shipbuilding Market TYPE DWT BUILDER DELIVERY PRICE $ OWNER NOTES CONT 1185 Zhejiang Yangfan 213 SITC CONT 1185 Zhejiang Yangfan 213 SITC BULK 82 Sungdong S.B. 212 Nisshin Shpg. Co. Ltd. BULK 82 Sungdong S.B. 212 Nisshin Shpg. Co. Ltd. PASS 12 Colombo Dockyd. 213 Indian Government PASS 12 Colombo Dockyd. 213 Indian Government PSV 4 Remontowa 213 Gulf Offshore NS PSV 4 Remontowa 213 Gulf Offshore NS BULK 35 Dae Sun S.B. 213 Greek Interest BULK 35 Dae Sun S.B. 213 Greek Interest Option BULK 25 Qingdao Yangfan 213 Unknown BULK 25 Qingdao Yangfan 213 Unknown BULK 35 Chengxi Shipyard 213 CSL Group Inc BULK 35 Chengxi Shipyard 213 CSL Group Inc CONT 12 Jiangsu New Yangzij. 214 98 Mio Seaspan Corp. CONT 12 Jiangsu New Yangzij. 214 98 Mio Seaspan Corp. CONT 1185 Zhejiang Yangfan 213 SITC CONT 1185 Zhejiang Yangfan 213 SITC BARGE MP Shipyard 212 Pelayaran Nasional BARGE MP Shipyard 212 Pelayaran Nasional BULK 82 Sungdong S.B. 212 Nisshin Shpg. Co. Ltd. BULK 82 Sungdong S.B. 212 Nisshin Shpg. Co. Ltd. TANKER 198 Kitanihon Zosen 213 Zodiac Maritime Agy. TANKER 198 Kitanihon Zosen 213 Zodiac Maritime Agy. TANKER 198 Kitanihon Zosen 213 Zodiac Maritime Agy. TANKER 198 Kitanihon Zosen 213 Zodiac Maritime Agy. TANKER 198 Kitanihon Zosen 213 Zodiac Maritime Agy. TANKER 198 Kitanihon Zosen 213 Zodiac Maritime Agy. GEN.CARGO 13 Shandong Huanghai 213 13.5 Mio NS United K.K GEN.CARGO 13 Shandong Huanghai 213 13.5 Mio NS United K.K GEN.CARGO 13 Shandong Huanghai 213 13.5 Mio NS United K.K Option GEN.CARGO 13 Shandong Huanghai 213 13.5 Mio NS United K.K Option TANKER 48 Linhai Chengzhou 212 Panoil Tankers TANKER 48 Linhai Chengzhou 212 Panoil Tankers RORO/CONT 26 Hyundai Mipo 213 68.57 Mio Nat.Shpg.of South Arabia RORO/CONT 26 Hyundai Mipo 213 68.57 Mio Nat.Shpg.of South Arabia TANKER 52 Hyundai Mipo 212 Consolitated Marine TANKER 52 Hyundai Mipo 213 Consolitated Marine CRUISE 14 Fincantieri 213 Iles du Ponant BULK 97 I.H.I. 213 Daiichi Chuo BULK 97 I.H.I. 213 Daiichi Chuo BULK 97 I.H.I. 213 Daiichi Chuo CONT 3 STX Dalian 213 Sea Consortium CONT 3 STX Dalian 213 Sea Consortium CONT 3 STX Dalian 213 Sea Consortium Option CONT 3 STX Dalian 213 Sea Consortium Option CONT 3 STX Dalian 213 Sea Consortium Option CONT 3 STX Dalian 214 Sea Consortium Option CONT 3 STX Dalian 214 Sea Consortium Option CONT 3 STX Dalian 214 Sea Consortium Option LNG 85 Hyundai H.I. 214 BW Gas LNG 85 Hyundai H.I. 214 BW Gas LNG 85 Hyundai H.I. 215 BW Gas Option LNG 85 Hyundai H.I. 215 BW Gas Option LIVESTOCK 15 COSCO Guangdong 214 28.25 Mio Vroon B.V. CONT 14 Dae Sun S.B. 213 19.8 Mio Korea Ship Finance CONT 14 Dae Sun S.B. 213 19.8 Mio Korea Ship Finance
11 Demolition Historical Average Prices D E M O L I T I O N M A R K E T Demolition Prices Gen Cargo Tanker India USD 55 /lt Ldt USD 525 /lt Ldt Pakistan USD 5 /lt Ldt USD 52 /lt Ldt Bangladesh USD 49 /lt Ldt USD 515 /lt Ldt China USD 44 /lt Ldt USD 46 /lt Ldt $ 78 73 68 63 58 53 48 43 38 33 28 23 18 485 485 486 Tankers 28 29 21 211 56 57 498 497 498 55 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC $ 73 68 63 58 53 48 43 38 33 28 23 18 Bulkers 28 29 21 211 455 447 465 479 484 473 472 473 484 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Year 12 India 211 21 29 28 27 26 25 24 23 22 21 2 1999 1998 1997 1996 1995 1994 1993 1992 1991 199 1989 1988 1987 1986 1985 1984 1983 1982 1981 3.8 2.35 4.6 4.9 5 6.5 5.5 1 12 13.4 Total Demolition 15.6 15.5 18 14.5 16.7 18.9 15.9 22.4 25 26.5 25.7 28.9 27 28.5 28.4 3.5 25.6 26.9 27 28.65 5 1 15 2 25 3 35 4 Million dwt 38 TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK ATRAI 122 1969 33 526 BULK ATRA 1 873 1987 3428 51 BULK RIGA SAILOR 1424 1975 5526 55 BULK DEYCAN 1522 1977 4714 51 BULK KYBELE 16114 1976 466 52 BULK NOBLESSE 2692 1979 5185 512 BULK HENG SHUN MEN 2575 1981 5747 517 BULK SALEMA S 25826 1981 7697 529 BULK DON LEANDRO 26933 1975 6559 352 Asis Chile BULK POWSTANIEC STYCZNIOWY 3378 1986 841 52 BULK MENTOR 34947 1983 775 522 BULK JI QING MEN 37635 1984 13 514 BULK ST ANNA 5267 1986 1333 548 BULK ALBA 64711 1983 11234 529 BULK HUA JIN YUAN 72539 1976 11934 524 BULK HISTRIA DIAMOND 84914 1989 2113 53 BULK DIAS 134964 1988 2928 53 BULK EVER BRIGHT 148982 1987 24515 535 BULK V AUSTRALIA 16658 1984 27851 515 Asis Spore COMBO KINGSWAY 76324 1985 17458 51 REEF LAURA 9464 1983 621 51 REEF AUCKLAND STAR 11434 1985 62 * Enbloc Bss REEF ENGLISH STAR 11434 1986 61 51 Asis Fujairah. Price Each RORO ATLANTIC LEADER 1936 1985 892 547
13 TANK CARIBIC 1779 1988 621 59 TANK ARTEMIS 2875 1984 9634 535 TANK ESTRECHO DE MAGALLANES 68 1991 15991 445 Asis Quitero, Chile TWEEN BIPASHA 1537 1971 3811 547 TWEEN UNION CARRIE 16251 1978 5185 53 TWEEN CHANG LE MEN 1724 1982 51 514 TWEEN RICKMERS DOHA 2322 1979 8139 54 TWEEN ZHONG YANG MEN 24815 1977 7812 514 Bangladesh TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK BANGMUNNAK 714 1975 2216 55 BULK MARGARITA M 2737 1977 65 524 BULK GLORY I 391 1981 68 55 Under Tow BULK RIVA 13216 1981 17661 52 BULK V EUROPE 139496 1982 1924 525 BULK GOLDEN HUAXI 14595 1985 2124 52 COMBO HEBEI RAINBOW 82513 1983 1495 54 COMBO RUHR N 35836 1987 42687 525 TANK COASTAL VENUS 95844 1991 14536 525 Asis Spore Incl 3 T IFO TANK MAYON SPIRIT 9857 1992 16956 515 Asis Spore TANK TINOS 2639 1988 33629 54 China TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK FU JIN 11998 1974 675 46 BULK WIN EXPRESS 2766 1977 6145 445 BULK KADMOS 38913 1983 1456 498 BULK IBAD 41513 1982 8276 458 BULK HEROIC 41538 1982 8792 46 BULK XIN YU 63987 1977 12131 456 BULK LONG SON 6399 1981 12259 462 BULK XIN FENG 65785 1981 11396 458 BULK EAST SUNRISE 8 69737 1981 12434 455 GAS BEKULAN 51579 1973 2 45 TANK KOREA SUNNYHILL 3264 1976 7861 472 TANK SUNHILL 38653 1986 1172 465 TANK SHEN NON II 152856 1991 25545 48 Asis Lianyungang Incl 5 T IFO RoB
14 Pakistan TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK RANA 24715 1979 5436 51 BULK PAGANE 54158 1982 1462 55 BULK JEWEL I 6543 1983 11298 515 RORO ANFAL 458 1975 33 48 TANK OURANOS 6798 1983 165 52 TANK SKIPJACK 83962 1988 14898 542 Asis Fujairah With 4 T RoB TANK IRON MONGER 3 98624 199 16483 546 TANK TITAN CHIOS 239783 1986 3637 52 Turkey TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK VASSILIKI 4415 1979 174 32 Other TYPE NAME DWT BLT LDT PRICE $/LDT COMMENTS BULK ALAKNANDA 47221 1986 1173 47 Asis Kakinada TANK S/R WILMINGTON 48846 1984 14537 378 Asis Texas TANK 18 DE MARZO 56746 1977 185 Asis Vera Cruz, Mexico TANK TAKAMA 266286 1987 3239 52 Enbloc Bss TANK BW ARA 2985 1982 49 52 Asis Malaysia. Price Each TWEEN NORD GAIN 1272 1982 65 477 Asis Haldia Region
$/Barrel USD-EUR USD-JPY 15 M A R K E T I N D I C A T O R S 1.8 1.6 1.4 1.2 1..8.6.4.2 Currencies. 1/9/1 1/11/1 1/1/11 1/3/11 1/5/11 1/7/11 1/9/11 USD-EURO USD-JPY 15 1 95 9 85 8 75 7 14 Brent Oil 12 1 8 6 4 2 1/9/1 1/11/1 1/1/11 1/3/11 1/5/11 1/7/11 1/9/11 GBP CAD EUR JPY CHF USD AUD GBP 1.6269.8692.8383.7124.6411.6341 CAD 1.5957 1 1.3868.13375 1.1366 1.228 1.117 EUR 1.157.7213 1.9645.8197.7376.7295 JPY 119.32 74.7944 13.699 1 84.9934 76.4818 75.6462 CHF 1.442.883 1.224.11771 1.91.893 USD 1.561.9779 1.3559.1377 1.1113 1.9891 AUD 1.5776.9889 1.3711.13223 1.1238 1.112 1 * 28/9/11 values
16 S T O C K W A T C H NAME TICKER THIS MONTH* LAST MONTH CHANGE % 52w HIGH 52w LOW NewLead Holdings NEWL.8.82-2.4 4.99.53 Capital Product Partners CPLP 6.32 6.8-7.1 11.39 4.85 Diana Shipping DSX 8.11 8.76-7.4 14.23 7.42 Dryships DRYS 2.64 3.9-14.6 6.44 2.19 Eagle Bulk EGLE 1.83 1.97-7.1 5.75 1.62 Euroseas ESEA 3.2 3.74-19.3 5.28 2.85 Excel Martime EXM 2.32 1.82 27.5 6.63 1.63 Freeseas FREE.9 1.18-24 5.35.82 Genco Shipping &Trading GNK 7.96 6.21 28.2 18.8 4.15 General Maritime GMR.33.4-17.5 4.98.23 Goldenport GPRT 72. 74.4-3.2 132. 69. Navios NM 3.51 3.7-5.1 6.29 2.88 Omega Navigation ONAV Paragon PRGN.91 1.26-27.8 4.4.87 Safe Bulkers SB 6.58 7.18-8.4 9.78 6.1 Star Bulk SBLK 1.33 1.41-5.7 3.23 1. Stealthgas GASS 4.5 4.19-3.3 8.8 3.4 TEN TNP 5.89 6.32-6.8 13.87 5.5 TOP Ships TOPSD 1.32 2.17-39.2 11.6 1.3 * 28/9/11 closing values Disclaimer: Information and data that appear in this report have been obtained from various sources which are believed to be correct and reliable. However, Athenian Shipbrokers S.A. does not guarantee their accuracy or completeness and therefore cannot be held liable for any loss incurred as a result of reliance in any way whatsoever on the information contained herein. Kind Regards,